SEOUL, March 21 Hyundai Motor Co
shares extended their rally on Tuesday, rising nearly 9 percent
on hopes the automaker and its affiliates will be restructured.
Market speculation is that activist hedge fund Elliott
Management Corp may have bought a share in Hyundai Motor, South
Korea's top automaker, analysts said. Elliott did not
Hyundai Motor shares rose to their highest level since May
Its affiliates, Kia Motors Corp and Hyundai
Mobis Co Ltd, climbed more than 4 percent.
(Reporting by Hyunjoo Jin, Dahee Kim and Se Young Lee; Editing
by Stephen Coates)